283 INTEGRATED ANNUAL REPORT 2025 ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 48. SUMMARY OF EFFECTS OF DILUTION AND DISPOSAL OF COMPANIES (CONTINUED) 2025 (continued) Group (continued) (c) On 31 January 2025, Yinson Offshore Services Sdn Bhd (“YOSSB”), an indirect wholly owned subsidiary of the Company, disposed of the OSV relating to Offshore Marine as follows (collectively, “Disposals”): a. 525,000 ordinary shares representing 70% ordinary shares of Regulus Offshore Sdn Bhd (“ROSB”) and 25,000,000 non-convertible redeemable preference shares (“RPS”) in ROSB, representing 100% of the RPS in ROSB for a consideration of RM136 million; and b. 1 ordinary share in Yinson Camellia Sdn Bhd (“YCSB”) representing 100% of the issued share capital of YCSB for a consideration of RM24 million. The total consideration for the Disposals was determined based on the fair value of 181,818,181 new ordinary shares issued in LFG. As at the disposal date of 31 January 2025, the fair value of each share was RM0.99, resulting in a total fair value of consideration received of RM181 million. Following the Disposals, it was assessed that the Group has obtained significant influence over LFG, and LFG has accordingly been classified as an associate. Refer to Note 22(d)(i) for the summarised statement of financial position. The Group is currently in the process of finalising the detailed notional purchase price allocation for this investment based on the fair value of RM181 million for the shares received. The financial effects of the disposal on 31 January 2025 were as follows: RM million Assets and liabilities disposed Property, plant and equipment (Note 17) 98 Deferred tax liabilities (Note 35) (20) Trade and other receivables 12 Cash and bank balances 9 Trade and other payables (3) Tax assets 3 Lease liabilities (2) Net carrying amount of OSV business 97 Less: Non-controlling interests (14) Net assets disposed of 83 Fair value of consideration received 181 Less: Net carrying amount (83) Net gain arising from the disposal 98 Net cash outflow from disposal: Cash and bank balances disposed 9 Company There were no dilutions and disposals during the financial year. 2024 Group There were no dilutions and disposals in the previous financial year. Company Refer to Note 20 for the dilutions or disposals in the previous financial year.
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